Former prime minister Rishi Sunak has been appointed as a senior adviser at Goldman Sachs, marking his return to the investment bank after 21 years.
The role represents his first major position since stepping down as Conservative Party leader following the party's general election defeat last year.
Sunak, who served as prime minister between October 2022 and July 2024, is set to advise leaders across the firm and provide "insights on the macroeconomic and geopolitical landscape".
The MP for Richmond and Northallerton previously worked for Goldman Sachs between 2001 and 2004.
The appointment comes just over a year since Sunak's resignation as prime minister, allowing him to take on the advisory position.
However, the Advisory Committee on Business Appointments (ACOBA), which regulates business appointments of sitting MPs, has imposed restrictions on his activities.
ACOBA has said Sunak cannot lobby the Government or use ministerial contacts to influence policy or secure business advantage for another year.
It also restricted him from advising on matters linked to foreign governments or sovereign wealth funds for another year.
Goldman's Global Strategy
Chairman and chief executive David Solomon said: “I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a senior advisor.
“In his role, he will work with leaders across the firm to advise our clients globally on a range of important topics, sharing his unique perspectives and insights on the macroeconomic and geopolitical landscape.
“He will also spend time with our people around the world, contributing to our culture of ongoing learning and development.”
Earlier this year, the former prime minister also took up posts with the University of Oxford and Stanford University.
(PA/London) Note: This article has been edited with the help of Artificial Intelligence.
